The following two events occurred for Tanger Co. on October 31, 2011, the end of its fiscal year.   a. Tanger rents a...

The following two events occurred for Tanger Co. on October 31, 2011, the end of its fiscal year.

a.

Tanger rents a building from its owner for $3,300 per month. By a prearrangement, the company delayed paying October's rent until November 5. On this date, the company paid the rent for both October and November.

b.

Tanger rents space in a building it owns to a tenant for $700 per month. By prearrangement, the tenant delayed paying the October rent until November 8. On this date, the tenant paid the rent for both October and November.